The deal is expected to close on or around 20th July 2017, subject to stockholder approval.

In a separate announcement, accesso unveiled a share placing valued at up to GBP 58.83 million in order to finance the acquisition and pay off its outstanding debt.

The group is issuing 3.63 million stocks, representing a 13.6 per cent stake in the company’s enlarged capital, at GBP 16.20 apiece.

Canaccord Genuity, Numis Securities and FTI Consulting are all advising the business on the equity dilution.

Twyford-headquartered accesso develops and applies virtual queue technologies to various theme parks across the US and UK.

The group generated revenue of USD 102.50 million in the 12 months ended 31st December 2016, a 10.0 per cent increase on USD 93.20 million in the previous year.

Adjusted earnings before interest, tax, depreciation and amortisation totalled USD 19.10 million for the period (FY 2015: USD 15.20 million).

Earlier this year, accesso purchased UK online ticket marketplace platform operator Ingresso Group for about GBP 28.00 million in cash, including a performance-based earn-out of GBP 10.50 million if certain financial targets are achieved.